South Korea

Hánguó

韩国

the police / police authorities

jǐngfāng

警方

regarding / in connection with

jiù

就

IPO fraud / listing fraud

shàngshì qīzhà

上市欺诈

allegations / charges

zhǐkòng

指控

to apply for / to seek

shēnqǐng

申请

arrest / to arrest

dàibǔ

逮捕

HYBE (South Korean entertainment company)

HYBE

HYBE

founder

chuàngshǐ rén

创始人

Bang Si-hyuk (HYBE founder)

Fáng Shíhè

房时赫

。

New Words

News in English

South Korean Police Seek Arrest Warrant for HYBE Founder Bang Si-hyuk Over IPO Fraud Allegations

South Korean police have applied to a court to arrest HYBE founder and chairman Bang Si-hyuk, alleging he misled early investors and gained improper profits through a related fund during the company IPO.

South Korean police applied to Seoul court for the arrest of HYBE entertainment company founder and chairman Bang Si-hyuk over alleged IPO fraud accusations. Police allege that Bang Si-hyuk misled early-stage investors during HYBE's initial public offering and obtained improper profits through affiliated private equity funds. HYBE is one of South Korea's largest entertainment companies, managing well-known K-pop artists including BTS. Bang Si-hyuk denied all allegations, with his attorney claiming the police investigation lacks evidence supporting the charges. The court will decide whether to approve the arrest warrant after reviewing the application.

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